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The publication continues to provide weekly coverage of upstream, midstream and downstream news, spanning shale oil and gas, LNG, oil sands, transport by pipeline and rail, company performance and regional energy policy – on both national and state or provincial levels. NorthAmOil provides regular updates on the status of major proposed projects in both the US and Canada. The publication also looks at more distant prospects, such as offshore Arctic drilling.
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Cheniere completes first train at Corpus Christi expansion project
The US’s largest LNG producer Cheniere Energy has achieved substantial completion of the first of seven liquefaction trains at the Corpus Christi LNG Stage 3 expansion project.
Ukraine seen turning to US LNG imports as damage to gas infrastructure mounts
Mounting damage to Ukraine’s natural gas production facilities is forcing Kiev to turn increasingly to gas imports from its European allies – as was recently illustrated by the agreement between Naftogaz and Poland’s Orlen.
Japan, Province of Alberta sign MoU at Houston’s CERAWeek energy conference
Alberta Premier Danielle Smith alongside the chairman and CEO of the Japan Organisation for Metals and Energy Security (JOGMEC), Ichiro Takahara, in mid-March agreed and have signed an MoU at the Houston-based CERAWeek energy conference.
Alaska LNG officials to meet Asian partners in late March
Officials from the Alaska LNG project are slated to arrive in Japan later this month to charm potential investors in the long-stalled project.
LNG and AI to drive US natural gas use to new records
Demand for US natural gas is expected to continue climbing to record highs amid increased use of LNG and AI.
Petrobras begins talks on long-term LNG deal with US suppliers
Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement.
Venezuela's Citgo reports $146mn Q4 loss following declining refining margins
The company, in its latest financial report, attributed the decline in part to scheduled maintenance during the second quarter, which disrupted output at a time of already challenging market conditions
Maduro threatens action over Guyana’s oil in disputed Essequibo, but investment unabated
Venezuela’s Nicolás Maduro warned that his government would take decisive measures to address what he described as an "illegal action" by Guyana in a maritime area he claims remains "pending international delimitation".
Oil is key commodity in US-Canada trade war
The US States may reach a deal with Canada that prevents tariffs on oil, gas and other energy imports, Energy Secretary Chris Wright said on March 10.
Alberta changes oil royalty structure to boost exports, pipeline development
The Alberta government has introduced a major shift in how it collects royalties from oilsands producers, allowing the province to take bitumen royalties in-kind instead of cash.
Chevron seeks alternatives to Venezuelan oil, Maduro regime slams ExxonMobil for alleged meddling
Chevron is exploring options to replace Venezuelan crude at its refineries, looking to Mexico, Brazil, and the Middle East for alternative supplies and the Maduro regime slams ExxonMobil for alleged meddling
Turkey’s TPAO and US oil producer Continental Resources link up to develop Diyarbakir Basin shale fields
National oil company Turkish Petroleum Corporation (TPAO) has entered into a joint venture agreement with US oil producer Continental Resources to develop shale fields in the Turkey’s Diyarbakir Basin.
US will support Africa’s right to develop own energy resources, says energy secretary
The United States will support Africa’s right to develop its energy resources, according to Chris Wright, the US Secretary of Energy.
Rising construction costs push US LNG producers to renegotiate deals
A handful of US LNG producers are seeking to renegotiate higher prices with purchasers as they grapple with increasing construction costs.
US Supreme Court allows climate lawsuits against oil companies to proceed
The US Supreme Court has rejected a bid by 19 Republican-led states to block climate-change lawsuits against major oil companies, allowing cases seeking billions of dollars in damages to proceed in state courts.
Canadian Whitecap and Veren to merge in $10.4bn deal
Whitecap Resources and Veren have reached a definitive agreement to merge in an all-stock transaction valued at CAD15bn ($10.4bn), including debt, to create the largest light oil-focused producer in Canada.
Trump administration seeks to halt SPR sales, build Alaska pipeline to boost LNG exports
The Trump administration plans to work with the US Congress to halt mandated sales from the Strategic Petroleum Reserve to address its low stockpile, US Energy Secretary Chris Wright said on 10 March at the CERAWeek oil and gas conference.
Mexico solves oil salt content issues, claims president
US oil exports to India rise to two-year high
The United States recorded its highest crude oil exports to India in over two years during February, as Indian refiners sought alternative suppliers following fresh sanctions imposed by Washington on Russia’s oil trade.
GECF bullish on natural gas as "integral" to energy mix for decades to come
“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.
Venture Global to invest $18 billion to expand Plaquemines LNG
US LNG producer Venture Global will increase the nameplate capacity of its Plaquemines LNG facility to 45mn tonnes per year.
US Venture Global suffers stock freefall after fourth-quarter revenue miss
US LNG producer Venture Global saw its stock tumble by 36% on March 6 after missing fourth-quarter revenue targets.
Golden Pass LNG receives US export extension
QatarEnergy and ExxonMobil’s joint venture Golden Pass LNG has been granted an extension for its permit for exports to begin.
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